Apr 09, 2018 08:16 PM IST | Source: PTI

SBI-led Neev Fund invests in Leap India Food and Logistics

The fund, which is a joint venture between largest lender SBI and UK's Department for International Development (DFID), typically makes investment of up to USD 10 million for infrastructure creation, an official said.

Private equity player Neev Fund has made an undisclosed investment in Leap India Food and Logistics to develop agri-silos in states with low levels of capital investments.

The fund, which is a joint venture between largest lender SBI and UK's Department for International Development (DFID), typically makes investment of up to USD 10 million for infrastructure creation, an official said.

Leap India aims to set up food storage and logistics platforms across the country for various governments and commercial organisations over the next few years, a statement issued here said.